We take a co-investment approach to help startups bridge the “post-angel and pre-venture” gap, which was a challenging phase we experienced ourselves when we were founders. We will usually start with a $100K-$750K check and can follow on until $1M to $1.25M. In certain random opportunistic circumstances, we can also invest up to $5M per company by supplementing our investments with our internal sidecar funds. We’ve done these with a few of our existing portfolio companies. Our sidecar funds give us the flexibility to grow our existing stakes in rapidly growing portfolio companies and at the same time give us the luxury of investing in other non-traditional early stage opportunities.
We will lead rounds when we feel we are in the best position to do so and like to bring in co-investors who can add value. We are also just as comfortable to take a backseat, join a syndicate and help out whenever we are asked. The combination of portfolio building and co-investment has enabled us to invest in over 200+ companies and co-invest with over 120 early stage investors. These form a powerful network, which supports pattern recognition, diligence, co-investment, customer acquisition and corporate development.
|HQ||Santa Monica, US|